PravdaReport - Russia

Russia should move more quickly to remove Visa and Mastercard payment cards from circulation, according to Dmitry Dubynin, head of the National Payment Card System (NSPK), the operator of the Mir payment card network. Dubynin told Rossiyskaya Gazeta that extending the validity of Visa and Mastercard cards became critically important after the two international payment systems ex...

The continued strengthening of the Russian ruble against the U.S. dollar is meaningless, and Russia's persistence in pursuing such a policy has surprised the global business community, Russian billionaire Oleg Deripaska wrote on his Telegram channel. According to Deripaska, neither Japan, South Korea, China, nor any other major export-oriented economy has ever pursued a strategy...

Russia has transitioned its financial system into what officials describe as a fully autonomous model, eliminating dependence on foreign creditors and Western payment infrastructure. Finance Minister Anton Siluanov presented the assessment during the St. Petersburg International Economic Forum, arguing that the country has secured a sovereign position in global finance despite o...

The construction of the first prototype of Russia's Su-75 Checkmate fifth-generation fighter jet has officially begun, Vadim Badekha, Chief Executive Officer of the United Aircraft Corporation (UAC) said. According to the official, the Checkmate program has already advanced to the prototype assembly stage, marking a significant milestone for one of Russia's most closely watched ...

Authorities in Sevastopol and Crimea have imposed temporary restrictions on gasoline sales after fuel demand exceeded available daily supplies at several filling stations. Sevastopol Governor Mikhail Razvozhayev announced that all available daily stocks of AI-92 and AI-95 gasoline at TES gas stations were sold out during the morning hours. As a result, customers can purchase AI-...